I think many of you will find this article interesting as I show several different indicators which point to an imminent correction for stocks and precious metals. Last Wednesday’s report I showed how the current price of the index was almost identical to the January peak from where prices dropped nearly 10%. The report was called “28 Day Sector Rotation, Commodity & Index”. We did get the first sign of topy market last Friday with the sharp one day sell off as I expected.
Today, one week later we are now that much closer to a 3-8% drop which is shown in the charts below. It’s important to remember that bottoms tend to happen quickly while a market toping is more of a process which is why so many people take big losses trying tip a top. (more)
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